Audius has retroactively distributed $8 million in governance tokens to musicians and listeners who have been using the platform.
The crypto-powered Spotify competitor Audius has retroactively distributed 50 million of its native AUDIO tokens to artists and listeners using the platform.
The distribution came alongside the launch of the AUDIO governance token on the Audius mainnet, with 5% of the token’s initial one billion supply distributed to its “top 10,000 artists & fans.”
Audius seeks to reward content creators and listeners using its governance token, affording them voting rights over how the protocol will evolve in future. The